AGF Investments America Inc. trimmed its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 3.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 51,508 shares of the semiconductor company’s stock after selling 1,575 shares during the quarter. Monolithic Power Systems makes up approximately 2.2% of AGF Investments America Inc.’s holdings, making the stock its 20th biggest holding. AGF Investments America Inc.’s holdings in Monolithic Power Systems were worth $5,787,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of MPWR. Royal Bank of Canada grew its position in Monolithic Power Systems by 97.4% in the second quarter. Royal Bank of Canada now owns 9,833 shares of the semiconductor company’s stock worth $949,000 after acquiring an additional 4,852 shares during the period. Shelton Capital Management purchased a new position in Monolithic Power Systems in the second quarter worth approximately $269,000. Janus Henderson Group PLC grew its position in Monolithic Power Systems by 85.5% in the second quarter. Janus Henderson Group PLC now owns 147,743 shares of the semiconductor company’s stock worth $14,243,000 after acquiring an additional 68,089 shares during the period. State Street Corp grew its position in Monolithic Power Systems by 3.7% in the second quarter. State Street Corp now owns 1,362,561 shares of the semiconductor company’s stock worth $131,351,000 after acquiring an additional 48,013 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in Monolithic Power Systems by 2.1% in the second quarter. The Manufacturers Life Insurance Company now owns 85,251 shares of the semiconductor company’s stock worth $8,218,000 after acquiring an additional 1,782 shares during the period. Institutional investors own 93.28% of the company’s stock.

Several research analysts recently weighed in on the company. BidaskClub lowered Monolithic Power Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, February 7th. Zacks Investment Research lowered Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Stifel Nicolaus raised their price target on Monolithic Power Systems from $126.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, November 7th. Oppenheimer raised their price target on Monolithic Power Systems from $120.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, October 27th. Finally, KeyCorp restated a “buy” rating and set a $125.00 price target on shares of Monolithic Power Systems in a research report on Friday, October 27th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $129.25.

Monolithic Power Systems, Inc. (NASDAQ:MPWR) opened at $110.08 on Monday. Monolithic Power Systems, Inc. has a 52-week low of $84.45 and a 52-week high of $126.80. The company has a market capitalization of $4,570.19, a price-to-earnings ratio of 73.88, a PEG ratio of 2.38 and a beta of 1.27.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, February 8th. The semiconductor company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.80 by $0.02. The business had revenue of $129.43 million during the quarter, compared to analyst estimates of $126.19 million. Monolithic Power Systems had a return on equity of 16.91% and a net margin of 13.85%. The company’s quarterly revenue was up 24.9% on a year-over-year basis. During the same period last year, the business posted $0.65 earnings per share. analysts forecast that Monolithic Power Systems, Inc. will post 2.57 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Friday, March 30th will be paid a $0.30 dividend. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $0.20. This represents a $1.20 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Wednesday, March 28th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 53.69%.

In other news, insider Deming Xiao sold 4,382 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $113.85, for a total value of $498,890.70. Following the sale, the insider now directly owns 270,479 shares in the company, valued at $30,794,034.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Theodore Blegen sold 450 shares of the stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $120.66, for a total value of $54,297.00. Following the completion of the sale, the chief financial officer now owns 40,142 shares in the company, valued at $4,843,533.72. The disclosure for this sale can be found here. Over the last quarter, insiders sold 92,399 shares of company stock worth $10,919,514. Insiders own 4.00% of the company’s stock.

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About Monolithic Power Systems

Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company operates in the design, development, marketing and sale of power solutions for the communications, storage and computing, consumer and industrial markets segment.

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Institutional Ownership by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

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